Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
Malawian Kwacha/South African Rand (FOREX:MWKZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MWKZAR
The long term trend has been UP since May 1st, 2018 at 0.017250
The intermediate term trend has been DOWN since Sep 26th, 2018 at 0.019507
The short term trend has been UP since Oct 19th, 2018 at 0.019799
Smart Scan Analysis for MWKZAR
Based on a pre-defined weighted trend formula for chart analysis, MWKZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).